Please answer with detailed calculations and good formatting and make sure the answer is 100% correct, else leave it for the other tutor to answer. Otherwise i will downvote the answer and report it for uprofessionalism for sure. Please don't use AI or Chat GPT also make sure there is no plagiari.sm.

Current Attempt in Progress Martinez |nc.'s $10 par value common stock is actively traded at a market price of $16 per share. Martinez issues 5,500 shares to purchase land advertised for sale at $75,000. Journa | ize the issuance of the stock in ace Ll i ri ng the land. [List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit